Nestlé SA (NSRGF) Receives a Buy from J.P. Morgan


J.P. Morgan analyst Celine Pannuti CFA maintained a Buy rating on Nestlé SA (NSRGF) today and set a price target of CHF125.00. The company’s shares closed last Friday at $109.63.

CFA has an average return of 3.6% when recommending Nestlé SA.

According to TipRanks.com, CFA is ranked #6779 out of 7331 analysts.

Nestlé SA has an analyst consensus of Moderate Buy, with a price target consensus of $126.82, a 10.5% upside from current levels. In a report issued on February 12, Kepler Capital also maintained a Buy rating on the stock with a CHF120.00 price target.

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The company has a one-year high of $124.25 and a one-year low of $84.20. Currently, Nestlé SA has an average volume of 41.06K.

Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is neutral on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Nestlé SA is a nutrition, health and wellness company, which engages in the manufacture, supply and production of prepared dishes and cooking aids, milk-based products, pharmaceuticals and ophthalmic goods, baby foods and cereals. The company products portfolio includes powdered and liquid beverages, water, milk products and ice cream, nutrition and health science, prepared dishes and cooking aids, confectionery, and pet care. It operates through the following segments: Zone EMENA, Zone Americas, Zone Asia, Oceania & Africa, Nestlé Waters, Nestlé Nutrition, and Other Businesses. The Other Business segment is comprised of Nespresso, Nestle Health Science and Nestle Skin Health. The company was founded by Henri Nestlé in 1866 and is headquartered in Vevey, Switzerland.

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